According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

A hold harmless agreement releases a party from the consequences of another's actions. Learn how and when to use a hold ...

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To paraphrase a valued client, “A contractor without a bond really isn’t a contractor.” Bonds certainly allow for the performance of governmental work and opportunities for private work. A payment ...

If you’ve heard of the term indemnity, you may be wondering, “what is indemnity insurance?” Indemnity is an agreement between two parties in which one party is responsible for compensating another for ...

As much as this may stretch your imagination, as unlikely a scenario as it may seem, say you mess up. Big time. You left the barn doors of some commercial transaction open and not only are the cows ...

Developers rushing to get projects off the ground can face significant risks without developing clearly defined indemnity clauses at the outset. Indemnity clauses, included in virtually all ...

A concrete company rented a pumper and was using it at a jobsite when a construction worker was struck and injured by the pumper’s hose. Claims were filed against both the concrete company and the ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...